Little Cheeky Monkeys 2006 Limited - Filleted accounts

Little Cheeky Monkeys 2006 Limited - Filleted accounts


Registered number
05807522
Little Cheeky Monkeys 2006 Limited
Filleted Accounts
30 June 2019
Little Cheeky Monkeys 2006 Limited
Registered number: 05807522
Balance Sheet
as at 30 June 2019
Notes 2019 2018
£ £
Fixed assets
Tangible assets 3 50,329 44,596
Current assets
Debtors 4 45,652 -
Cash at bank and in hand 239,064 210,750
284,716 210,750
Creditors: amounts falling due within one year 5 (48,923) (43,215)
Net current assets 235,793 167,535
Total assets less current liabilities 286,122 212,131
Creditors: amounts falling due after more than one year 6 (11,704) -
Provisions for liabilities (5,542) (5,542)
Net assets 268,876 206,589
Capital and reserves
Called up share capital 102 102
Profit and loss account 268,774 206,487
Shareholder's funds 268,876 206,589
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P.A. Wells
Director
Approved by the board on 10 January 2020
Little Cheeky Monkeys 2006 Limited
Notes to the Accounts
for the year ended 30 June 2019
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2019 2018
Number Number
Average number of persons employed by the company 24 24
3 Tangible fixed assets
Leasehold improvements Equipment Motor vehicles Total
£ £ £ £
Cost
At 1 July 2018 6,692 62,529 30,984 100,205
Additions - 2,405 29,523 31,928
Disposals - - (30,984) (30,984)
At 30 June 2019 6,692 64,934 29,523 101,149
Depreciation
At 1 July 2018 2,676 33,049 19,884 55,609
Charge for the year 1,338 6,374 7,383 15,095
On disposals - - (19,884) (19,884)
At 30 June 2019 4,014 39,423 7,383 50,820
Net book value
At 30 June 2019 2,678 25,511 22,140 50,329
At 30 June 2018 4,016 29,480 11,100 44,596
4 Debtors 2019 2018
£ £
Other debtors 45,652 -
5 Creditors: amounts falling due within one year 2019 2018
£ £
Obligations under finance lease and hire purchase contracts 3,426 -
Taxation and social security costs 20,481 18,388
Other creditors 25,016 24,827
48,923 43,215
6 Creditors: amounts falling due after one year 2019 2018
£ £
Obligations under finance lease and hire purchase contracts 11,704 -
7 Other information
Little Cheeky Monkeys 2006 Limited is a private company limited by shares and incorporated in England. Its registered office is:
Great Harwood Lodge
Edward Street
Great Harwood
Blackburn
BB6 7JB
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